Construction analysis: The Court of Appeal of the Republic of Singapore held that a beneficiary was not entitled to receive monies under an on-demand bond, when the call on the bond had effectively been made to negate the consequences of an adjudicator’s decision.
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Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
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